Contributors Technical Analysis USD/CAD Rebound Expected

USD/CAD Rebound Expected

Pivot (invalidation): 1.3920

Our preference Long positions above 1.3920 with targets at 1.4000 & 1.4035 in extension.

Alternative scenario Below 1.3920 look for further downside with 1.3885 & 1.3850 as targets.

Comment The RSI calls for a rebound.

Previous articleUSD/CHF Bullish Bias Above 0.9705
Next articleAUD/USD Turning Down
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version